GRI

Household appliances: €611 million in fines imposed on 12 companies for vertical price fixing

News Competition Sanctions & Fines
Date: 19th Dec, 2024 Source: French Competition Authority Country: France Original Source

Brief

"On 19/12/2024, the French Competition Authority issued an update regarding Household appliances: €611 million in fines imposed on 12 companies for vertical price fixing. The Autorité de la concurrence has imposed fines totalling €611 million on 12 vertical price agreements between manufacturers and distributors in the sector for household appliances. The sanctions were implemented between February 2007 and December 2014 to keep sales prices high, especially against emerging competing online distributors."

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French Competition Authority

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